SEARCH HAWAII TRADING

Monday, January 24, 2011

Put call ratio, New Stock Charts membership.

Even though I didn't get the AD-D klik support I was hoping for, I still plunked down the credit card for a Stockcharts membership. It does look like a good way to organize and quickly review favorite charts.

Now I got 60 minutes on the put call ratio chart, free member only get daily data,

and looking back 2 years, there were a few instances of extreme readings, but not many. I guess I would want to know not just the ratio, but what the volume, or better yet, dollar volume of the value of the options. If there was for some weird reason just 100 calls sold that hour, but 1500 puts, then that would be an extreme reading like this, however, may not mean that much.

I have the feeling though that NYSE option volume is probably more like 100,000 per hour, just guessing.

Testing this link to see if a linked Stockcharts Chart will appear for you all. Let me know

Test failed, the link below reverts to daily data only when I am not logged in to my Stockcharts membership. The annotations are still there, but you won't see the spiky 60 minute put call data i am trying to point out.

On the 21st, beginning of day, there was a 15 to 1 spike in Put call, then same thing on the 24th. The blue lines on the chart show all the times that has happened. So this is either some type of error or very strange.

Setting order to sell on weakness and then institute a trailing stop on futures.

Quote

TRANSLATOR

The Legal

Make Sure to read the legal at the bottom. We are not investment advisers in any way. None of this should be taken as advice.

Sign Up for BPT Membership at Breakpoint Trades

SIGN UP FOR BREAKPOINT TRADES
Please sign up through this link, I get credits, which let's me bring you more good free stuff.
And it does not cost anymore for your membership! The 6 month membership is the best deal for sure.

Solar Monitoring

Copyrighted

Material may be lifted as long as credit is given to HawaiiTrading in some indelible way.

This is not Investment Advice. We are not Investment Advisers nor do we hold any type of financial accreditation. All of your investment decisions are performed purely at your own risk.

This is not investment advice

I created this blog to record my personal, subjective observations about the markets, solely for my entertainment and that of interested readers and to foster research. Nothing on this blog should be construed as financial advice or an offer or recommendation to purchase or sell any security. I encourage anyone interested in the markets to do your own homework and/or consult a professional advisor. I am not a certified financial advisor and am still refining my trading system. I reserve the right to modify or stop publishing aspects of my system at any time. My system has resulted in very large drawdowns in some trades. Past backtested and real-time results are no guarantee of future performance. I will not be liable for any losses or damages of any kind that result from the content of this site. Although I consider the data, calculations and information on this blog to be reliable, I can't make any guarantees and won't be held liable or responsible for anything erroneous on this website. You are solely responsible for implementing safeguards of your data and system when you use this site and its content and links. It is up to the user of this site and content to protect yourself from worms, trojan horses, viruses and the like. I may hold positions in some of the securities mentioned in this blog. Nothing in this BLOG or referenced documents is intended to be investment advice. Each person should consult a trusted investment counselor and/or financial advisor. All investments and trading carry risk, which in the current environment can be extremely substantial, especially if you use leveraged instruments such as 2X , 3X, options, or futures.